Wedbush Securities raises SAP SE stake to 7,948 shares, totaling $1.6 million, following Q2 earnings surpassing estimates.

Wedbush Securities has increased its SAP SE (NYSE:SAP) holdings to 7,948 shares, valued at $1.6 million. In Q2, SAP reported earnings of $1.10 per share, surpassing the $1.01 estimate, with revenues of $8.29 billion. Analysts maintain a "Moderate Buy" consensus rating, with target prices ranging from $214 to $251. Various institutional investors have adjusted their stakes, reflecting growing interest in the company’s software solutions.

September 10, 2024
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